YG Entertainment releases an official statement about BLACKPINK Lisa‘s being swindled 1 billion won from her former manager.
On June 2, BLACKPINK’s agency YG Entertainment announced, “After investigating the situation within the agency, we confirmed that Lisa was a victim of fraud by her ex-manager ‘A’.”
They then explained, “According to Lisa’s intention to resolve the matter amicably as ‘A’ is the former manager whom she used to trust, A has reimbursed some of the money after agreeing on a plan to repay the remaining amount. Currently, ‘A’ has left the company.”
“We are very embarrassed by Mr. A’s behavior of abusing his trust with the artist, and we feel responsible as a manager and supervisor. We will come up with measures to prevent such an unfortunate event from recurring.”
The money that he swindled from Lisa was all spent on gambling.